Morocco is on the brink of a major shift in its approach to cybersecurity. As cyberattacks surge across the globe, the country is preparing to introduce a dedicated cyber insurance product—a long-anticipated move that could reshape how companies and institutions protect themselves from digital threats.
The announcement came during the Casablanca Insurance Rendezvous, where it was confirmed that a specific cyber risk insurance offering is no longer just a concept, but a concrete solution in the works. This marks a significant response to a growing and urgent threat. With cybercrime escalating worldwide—82% of global insurance giants hit by ransomware in 2022 alone—Morocco finds itself especially vulnerable, given its rapid digital transformation.
The country has already taken foundational steps to safeguard its digital infrastructure, such as enacting Law 20-05 on cybersecurity and introducing a national directive on information systems security. But these measures, while important, are no longer enough. What’s needed now is a proactive strategy to absorb the financial, legal, and operational shocks that a major cyberattack can unleash.
This forthcoming insurance product arrives at a critical moment. In today’s interconnected digital environment—where data moves faster than ever, platforms are multiplying, and artificial intelligence is becoming deeply embedded in daily operations—protection must go beyond firewalls and encryption. It has to be contractual, structured, and capable of offering real compensation in times of crisis.
Expectations are high, and for good reason. The insurance must be tailored to Morocco’s unique economic landscape, which includes large corporations, small and medium-sized enterprises, public agencies, and an informal sector that often flies under the radar. It also needs an educational component to raise awareness in a market that’s still relatively unfamiliar with cyber risk coverage. And above all, it must remain flexible—ready to evolve alongside new technologies and emerging threats.
Cyber insurance, in this context, is more than just a financial product. It’s a cornerstone of trust in the digital economy. It represents resilience in the face of uncertainty. And for Morocco, it sends a powerful message to investors, businesses, and citizens alike: the country is stepping up to meet the challenges of the digital age head-on.
The countdown has begun. The market is mobilizing. Both public and private stakeholders are actively engaged. With the launch of this cyber insurance plan, Morocco could be entering a pivotal new phase in its cybersecurity strategy.
